AML/KYC Advisory Consultant (Asset Servicing & Custody) Job at Purple Drive, Chicago, IL

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  • Purple Drive
  • Chicago, IL

Job Description

Role: AML/KYC Advisory Consultant - Asset Servicing & Custody

Experience Required: 10+ Years
Domain: Capital Markets & Financial Services
Primary Skill: Fund Accounting / AML-KYC Advisory

Key Responsibilities

1. AML/KYC Advisory - Asset Servicing & Custody Focus

  • Provide AML/KYC subject matter expertise for:
    • Custody & Asset Servicing
    • Fund Administration (Hedge Funds, Private Equity Funds, Mutual Funds)
  • Interpret and implement regulatory requirements, including:
    • Bank Secrecy Act (BSA) / Anti-Money Laundering (AML)
    • USA PATRIOT Act
    • OFAC Sanctions Programs
    • SEC and FINRA regulatory requirements
  • Develop and enhance AML/KYC frameworks aligned with industry best practices and organizational risk standards.
  • Ensure compliance programs support a strong risk management and regulatory compliance culture.
  • Advise stakeholders on AML/KYC controls, governance, and compliance processes within asset servicing environments.

2. Institutional Client Onboarding & Lifecycle Management

  • Lead end-to-end KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) processes for:
    • Institutional Investors
    • Fund Managers
    • Asset Management Firms
    • Pension Funds
    • Financial Institutions
  • Conduct due diligence on complex ownership and legal structures, including:
    • Multi-layered Fund Structures
    • Trusts
    • Special Purpose Vehicles (SPVs)
    • Nominee Structures
  • Ensure compliance with:
    • Ultimate Beneficial Owner (UBO) Identification and Verification
    • Politically Exposed Person (PEP) Screening
    • Sanctions Screening
    • Adverse Media Reviews
  • Support periodic KYC reviews, remediation initiatives, and regulatory-driven client refresh programs.
  • Improve data quality and client record management across onboarding and compliance platforms.
  • Implement industry best practices consistent with leading global asset servicing and custody institutions.

Essential Skills

  • Deep expertise in AML/KYC regulations and compliance programs.
  • Strong knowledge of:
    • BSA/AML Regulations
    • USA PATRIOT Act
    • OFAC Sanctions
    • SEC Regulations
    • FINRA Compliance Requirements
  • Experience supporting Custody & Asset Servicing operations.
  • Strong understanding of Fund Administration processes, including:
    • Hedge Funds
    • Private Equity Funds
    • Mutual Funds
  • Expertise in Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
  • Experience handling complex legal entity and ownership structures.
  • Strong knowledge of UBO verification, PEP screening, sanctions screening, and adverse media reviews.

Job Tags

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